|
h v l ~.J1-'?.I~i+(~fllr/f ~M!p/yw.}.' 'mwrr~~~. -.r,+~ y v~'/'R
<br /> WAR,
<br /> Ind , _ B4.0- "(jO0.234
<br /> TRUST ME©
<br /> l3th_ nF Jmnuary ,19 84
<br /> THIS TRUST DEED, made this, y
<br /> be and between
<br /> Jeffrey M. Johnston and Denise. L. , Johnstan
<br /> whether one or more, hereln~
<br /> after called "Trustor" whose malling'address Is 21I an N aka 68801
<br /> and
<br /> (B) 3oFn T. Wolf
<br /> _ as "'Trustee" whose mailing
<br /> address Is and
<br /> (C) .
<br /> The First National Bank of Grand island as "Beneficiary" whose mailing address is
<br /> 202 West Third Street, Grand Island, Nebraska, 68801
<br /> WiTNESSETH: That Trustor, in consideration of One Dollar (;1.00) and other valuable consideration receipt
<br /> whereof is hereby acknowledged, grants, conveys, set's and warrants to Trustee, In trust, with power of sale, the
<br /> following described property, situated in Haa-l County, Nebraska:
<br />
<br /> Lot Forty-Seven (47), Potash Subdivision, Half. County, Nebraska.
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br /> This intention being to convey hereby in absolute title in fee simple, Including all the rights of homestead and
<br /> dower, together with a!l buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the
<br /> foregoing, together with said property are herein referred to as the "Property."
<br />
<br /> FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained
<br /> and the payment of the principal sum of FOLTR THOUSAND & NO 1 -~flollars (S 4,000. 00 as evidenced by a promissory note bearing even date at the rates of Interest thereon which may hereafter be paid
<br />
<br /> or advanced under the terms of this '"rust Deed; both principal sum and Interest thereon-being payable according
<br /> to terms set forth in said promissory note, reference to which Is hereby made, at the office of the Beneficiary or at
<br /> such other place as the holder may designate in writing, the final payment of principal and interest, if not sooner
<br /> paid, shall be due and payable on the_ 12th -.day of Aril ,19 84 _
<br />
<br /> Trustor and Beneficiary covenant and agree as follows:
<br /> 1. Warranty of Title. Trustor Ili lawfully seized of Itre Propwtr 11 has good right and respecltve paniws. All Insurance poiletas maintained pursuant to this Trust peed
<br /> liWul authortty to salt and corway IM Property-, the property la frao and Clear oif off shelf name Trust" and 6pnNlGlary as Insureds, as their respect" Interests may
<br /> tuns and encumwances except 11ens now of record; and Trustor will warrant And appear. end provide that there shall be no cancellation or modification wnir+out
<br /> defend too MW to the .Property temto the Truslon and Its successors and astione fifteen days VOILA written notification to Trustee and Bonerlclary, in IM event any
<br /> fors A'. Against the claims of ell persons.. Trustor, $t its txWse, will maintain end Policy hereunder Is not roeived on or before Win" days oftor to its expiration
<br /> preserve the Han of this Trust Deal as a Nan upon the Trust property subject only to dale. Trustee w Beneficiary may procure such loWrance and the Cost thereof shall
<br /> ancumbrwrcet exislfrrg at of the dole hereof, will cause this Trust Deed, and each be added 10, IN, lnnn swewod by this Trust Dead and she" bear interest at in*
<br /> all-KII-t Or suppl/mlpll thereto, to be flied and reeordod as a ~gap of the greats of fee MIAMI rata spmKilted therein of the highest Inteest rate Authorized
<br /> Trutt Property In such manner and In such place, and will tetra such other action as by the laws a' this State of Nebraska. Ttustor Shelf datwe to Beneficiary the oflginal
<br /> In the opinion or Trust" may be required by any present Or Tuty" law in Order Ia Policies of Insurance oed w_ t mail thereof 0r memo copiet of such policies And
<br /> perfect, maintain arrf protect the tiara of INS Trust Dees, as the Same may be from renewals ihersol. Failure to furnish Insuranp. by Tnistor, or renewers as required
<br /> it" to tkre ameniAd or svpplomonlod. 110MIlder shall. At the Option of Dwrefictary, constitute a default. All unearned
<br /> orarniurnS are Irrfeby assigned to Truslee as soUillonal security and a AAII and
<br /> 2, Payment Of PAr4!paf and (Mwas1.'irusW shall punctually pay the principal of, corevoyanCe of the property by the Trustee shall operate to convey to the pwchAser
<br /> and Interest on, said pomlasory note Including any advances thereto as provided the Trustor's lntomt In and in All "Heine of inswence upon the Trust properly
<br /> herein on the dates and st the place and In the manna pOvldad therein and will
<br /> Punctually per-10M. All Sgraementli. Conditions and lxorislons to any other security 7. Taxes and Asseasmepla. Trustor shall pay all taxes and special assessments
<br /> Matrtsrnerrt gt'r+ii fn CcnriecI" with this transaction. ;"*d or rsaaeead agalaSt of due upon the Property Wore delinquency, And n.itl
<br /> d0IWW to Be"I'let ry copies of receipts showing paymenl of such taxes and
<br /> 9. Pnretrvefion and Malnteranee of Property, Truslor Ito not commit any waste Special assessments. If Beneficiary shall so raqueli% Truslor agrees that there Ihali
<br /> upon the trop" And will, at all ftmes, maintain the same In good order And be Added to 0000 Periodic Payment required to be rnede tereundef An amount
<br /> condition and will make, Prom time to 11me, all repalrs, renewals, rsplecomarill" estimalod by Tnrsloe td be wflkleni to enable Trustor to pay, at least ]o dsyt
<br /> addlllons And lm"Onients which ■re reasdnabfy required to Prevent worsts, before clallnquaney, all lazes, orlawsaments or other pubilc charges "ItInsl the
<br /> Impairment, or dtterlOration of soh! property,. MO building or knporemenl now or Trust Property, the Note secured by !hies Trust Deed, of upon account of the dobl or
<br /> hwoafter wecied upon the Property shalt be altwed, removed or darrrolhhad the Non of this Trust Med. togehw with Venivme for Inaunncq required to be
<br /> without the Prior wrtttwn Consent of BweefICUry. Provided under this Trust Dead and no Intor+et :halt be payable to Trustor in
<br /> rergect "Woof. Upon demand by Trust, Trustor Shall deg :w' 1~ Trusfae Such
<br /> a Mewlgw M heWrr9T. to case of any damage ro, or dbtthectlon ol, the bufkpnge, additional sums of money aS are necessary 10 make up Any dettcWney M Inc
<br /> vetpwr.nenta or personal property COO Muting W of the Trust Property, whither amounts necessary 10 arabia Truttee to pay any of !he foregoing Items.
<br /> such Iota is covered try insurance or otherwise, Trgtor, at Its sae coal and
<br /> expense, wW ptonptry rtatore, rrpak, rsplAew And rsbuiid the tare as nearly as 11 Additional Lh m& Tr *W shall mete ail payments of rn!wsor and principal Arid
<br /> ' .
<br /> dre4ficabe tone C4ndltldn irtanWtefNy price fp MICh dam we of dettruetion or with payments of arty Ot1re Charges, 14". And experio" ConlrACrb9 to be paid to any
<br /> trvch chinose mod Ntwef)ons as Trustor may down a0propriala provided such ezlsttng Ben holders orprbr bonetlciarMs undw any Prior Trust Dead, Mortgage of
<br /> Changes and AllsrallOne do not mnwiatry sesten the value and utttlty of such othee aaourlry i+a'aeMOOL before the data MAY are del$'quo I and to Pay any clrM,
<br /> wriktk4M Impeovernents and Persdn.bty 100m that exiting Imrnedlalety prior to claim which Nooaedtleo the eeOuntr granted heron.
<br /> such dtrnagt Of destnKtton, Truelor Nall be antltW 10 reknbunsmAml from tee
<br /> Trusts"' to the extent of ths'nN ►nsemanee pocwoda I0"ived by Trustee, but only to P-Wethm of rMrwfiCferyrS Swwrlty. Should T utio. rail to make any payment,
<br /> the extant of the serval son erpondrd uhdw this Provision. fail td 00
<br /> airy aq as tearetn provided, or If any action Of proceeduep Is eom.rrSnew
<br /> whf~eh niaterlapy efteeis Beneficiary's lmtwost In tfte pmporty, "meting. but not
<br /> fserve fig Tnnbr, It nr to r Gs and ldn, It wkt de Ail thugs necessary Uff!4 ad to. ennnanl d0nrefrl, lnstphw", arrangements, or Procavomos W oh," a
<br /> Its u ecrila.sllOAW rat cn oporetr wzistenNence, rights and pMlwgee condor the tAevs of tie caste of a bynoupt Or 6e0e60rn, then Bwrefieiary or Trustat but v.tthout Obligation 10 do oo.
<br /> andwtl -I "011101 110 or dwmarrd up" Trwotor. And without rwlsAe+ng Trustor from
<br /> Mly obligatlon teraltnder. may melee 0r do trap came, and may pay. pwchw e
<br /> 6 kewerr e. Truttd, AI Its •xpanyr,, old reeAiwtein with knvuron epprewd by Oon%M Or COMP101lrlaA any enCVmbranee. cftlrpa or pien, which in the jwegement ei
<br /> beneficiary. y . ir+AUrurct With resparct 1o the Im,prdwmentt and personal 00" f. Ntfer OPPOWS to effect am Property: in exordt .safe powers the
<br /> wnatlh,ltnp the Property Against loss by Ike. aghlnkng. tornado. and ahsr perils lo expand whatever amo
<br /> whij4ule
<br /> covered by standard extended coverage endorsement. in an wnouni ~ Of Trustee may iviovr Any taf;orny and
<br /> etwei to at tacteidireg dlabi,reemerrta of reasveebie sl:arrwryre lots. which in 1teAfr, ab•~dute
<br /> least one hundred p ,cent of the full rspfaceereht value trwaoh and Inowae4fi diaWetion, may be eprceasary. im IhO event that Trustor "If last to procure
<br /> igaln,e loch ottw hwards and in loch smdamt s$ is arttoiiarehy carried try owners Mourence or to per tares. emd special anse tsmonts at 10 make Any pwevrrants to
<br /> Ana ooratory pr canyon pr0WIi41 and at ttemefrciary may ragWr, to, Ifs 0xiStIng Of Prior Ilan holder o. Or t snaftClarles, the Be vilef
<br /> prW6Ctr7n TeuytOr urn conVoI7 atrh such Oxtier rod%wwrgrgs As ewrwfic+N a'T may pr su._n
<br /> y may InaVranep and mid apiC24 pbymentS. Apr aims k+Cw.se or expanded by 5VW BwrwL k:1ary
<br /> I-q 4-W 10 lima rad..ast to the proteGtiOh by IrrWance d the krteeet of the or Tnntet At accordance with the provbsomt of this Trust Deed are "Cured V At"
<br />
|